AbhishekHSinghCMT
Long

USDJPY- Let us get ready for another ride on upside

FX:USDJPY   U.S. Dollar/Japanese Yen
78 0 7
As previous updates I wanted this pull back which happened & its behind me so I shall be now looking forward. the fall fall from 111.88 was sharp & retraced 38.2% of its previous rally. Now once 111.35 is crossed we should go long for targets 111.95 atleast with strict stoploss@110.83...Well the risk reward is not so good in this trade but UJ moving above 111.35 can look to 111.95 atleast & beyond 112---it can move to 112.60--112.75.
Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
http://in.tradingview.com
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